MOIL Ltd and Hindustan Copper Ltd sign MoU

Source: The Hitavada      Date: 27 Apr 2018 12:28:14


Business Bureau

MOIL Limited and Hindustan Copper Limited, Schedule-A Miniratna CPSEs under Ministry of Steel and Ministry of Mines respectively, have signed MoU on April 22, 2018 at Balaghat mine of MOIL. As per the MoU, HCL will supply silica sand generated from its proposed copper ore tailings beneficiation plant (under construction) to MOIL for sand stowing operations in its Balaghat mine. At present, MOIL uses river sand for filling, which is essential for maintaining safety in underground mines. Taking into consideration likely shortage of sand in the future and consequent increase in cost of production, both the CPSEs have taken advance action to reduce dependence on river sand. Use of such rejects is being experimented by synergizing two CPSEs’ strengths and is a step towards utilisation of waste.

The MoU was signed by Santosh Sharma, HCL CMD and Mukund P Chaudhari, MOIL CMD in the presence of Shome, Director (Production and Planning), Vikas Parida, Senior DGM (Mines) and Ummed Bhati, Mine Manager for MOIL and Tiwari, Head of Malajkhand Copper Project, Vivek Gupta and Patil for HCL.